Monroe Capital Corp 2024年度报告

(Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember31, 2024 OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesoNox Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past 90 days.Yesx Noo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yesx Noo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer Non-accelerated filer Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firmthat prepared or issued its audit report.o If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.o Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yeso Nox The aggregate market value of outstanding common stock held by non-affiliates of the registrant was $158.9million based on the number ofshares held by non-affiliates of the registrant as of June28, 2024, which is the last business day of the registrant's most recently completed secondfiscal quarter. As of February27, 2025, the registrant had21,666,340shares of common stock, $0.001 par value, outstanding. Documents Incorporated by Reference Portions of the registrant's definitive proxy statement to be filed with the Securities and Exchange Commission pursuant to Regulation 14Arelating to the registrant's 2025 Annual Meeting of Stockholders, to be filed with the Securities and Exchange Commission within 120 days followingthe end of the Company's fiscal year, are incorporated by reference in Part III of this Annual Report on Form 10-K as indicated herein. TABLE OF CONTENTS PagePART I1Item 1. Business1Item 1A. Risk Factors34Item 1B. Unresolved Staff Comments69Item 1C. Cybersecurity69Item 2. Properties72Item 3. Legal Proceedings72Item 4. Mine Safety Disclosures72PART II73Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities73Item 6. [Reserved]80Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations81Item 7A. Quantitative and Qualitative Disclosures About Market Risk109Item 8. Financial Statements and Supplementary Data110Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure110Item 9A. Controls and Procedures111Item 9B. Other Information111Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections111PART III111Item 10. Directors, Executive Officers and Corporate Governance112Item 11. Executive Compensation112Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters112Item 13. Certain Relationships and Related Transactions, and Director Independence112Item 14. Principal Accountant Fees and Services112PART IV113Item 15. Exhibits and Financial Statement Schedules113Item 16. Form 10-K Summary117Signatures118 CERTAIN DEFINITIONS Except as otherwise specified in this Annual Report on Form 10-K (“Annual Report”), the terms: •“w